Russian President Vladimir Putin News

ExxonMobil Exits Russia After Putin Expropriates Assets Valued at More Than $4 Billion

Exxon Mobil Corp. said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon did not say …

Russian Mining Giant Nornickel Fined $2 Billion for Huge Arctic Fuel Spill

MOSCOW – Russian mining giant Norilsk Nickel was fined $2 billion on Friday for the damage caused by a huge fuel spill last year in the country’s worst environmental disaster in the Arctic. The leakage in May of 21,000 tonnes …

Russia Requires Firms to Develop Financial/Insurance Contingency Plans for Oil Spills

President Vladimir Putin on Monday signed legislation requiring companies involved in oil production or handling other hydrocarbons to have adequate resources for a contingency plan in the case of a spill. The law makes it mandatory for companies to have …